Bankruptcy Law News
Lawmakers Seek Bankruptcy Law Changes for Child Sex Abuse Cases
Childhood victims of sex abuse would be given more tools to navigate the complexity of bankruptcies under a bipartisan proposal from House lawmakers.
Rite Aid Delays Key Hearing on Bankruptcy Exit, Deal to Cut Debt
Drug store chain <-rte-company state="{"_id":"0000018e-f247-d583-afbf-f2dfb67e0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Rite Aid Corp. put off a key court hearing in order to complete a deal that would cut $2 billion in debt, resolve lawsuits related to opioid prescriptions and end the company’s six-month-old bankruptcy.
Giuliani Hires ‘Close Friend’ as He Faces Mountain of Litigation
Rudolph Giuliani wants to hire a friend and associate as “special litigation counsel” while the former New York mayor takes on multiple legal challenges.
Lender Inoculations Against Double Dip Will Spread, Moody’s Says
A new strategy to protect some creditors from losing their place in line to be repaid will spread quickly among big, direct-lending deals, analysts at Moody’s Ratings wrote in a new report.
Worker’s Bankruptcy Nondisclosure Doesn’t Nix Reinstatement Win
A Nashville schools executive will still get her old job back despite not disclosing in her personal bankruptcy the job retaliation claim that led a federal judge to order her reinstatement.
Latest Stories
Citigroup Cuts Ecuador to Marketweight Before Noboa Referendum
Citigroup cuts its recommendation on Ecuador’s dollar debt to marketweight from overweight ahead of this weekend’s referendum, noting bonds could sell off if President <-bsp-person state="{"_id":"0000018e-f825-d583-afbf-fafd36a90000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Daniel Noboa fails to get a strong showing.
Argentine Province La Rioja Sued in NY Over Missed Bond Payment
The Argentine province of La Rioja was sued by creditors in US Court, escalating a legal battle over some $10 million in missed bond payments.
FTX Investors Settle With Bankman-Fried to Pursue Promoters
A group of <-bsp-bb-link state="{"bbHref":"bbg://securities/2119544D%20BM%20Equity","_id":"0000018e-f82f-d583-afbf-faff3b970000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">FTXinvestors and customers has agreed to drop their claims against co-founder
Creditors and Ghana Said to Eye Restructuring Deal by End of May
<-bsp-bb-link state="{"bbHref":"bbg://news/topics/GHANA","_id":"0000018e-f817-d583-afbf-fadf64500000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Ghana and creditors expect to reach an agreement in principle to restructure overseas bonds as soon as the end of May, according to people with direct knowledge of the matter.
Giuliani’s Son, Former Aide Hit With Subpoenas in Asset Search
Rudolph Giuliani’s creditors expanded their probe into the former New York mayor’s finances, filing more than a dozen subpoenas in his bankruptcy case on Friday.
Florida-Based Tijuana Flats Restaurant Chain Files Bankruptcy
<-bsp-bb-link state="{"bbHref":"bbg://securities/1307471D%20US%20Equity","_id":"0000018e-f7bb-d583-afbf-f7ffd6020000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Tijuana Flats, a casual Mexican restaurant chain located primarily in Florida, has filed bankruptcy with a deal to sell the business to new owners.
Judges Mull Defining ‘Moving Target’ AI in Evidence Rules
Federal judges are wrestling with how to define artificial intelligence when dealing with evidence presented in trials, with some raising concerns that too broad a definition could sweep in items as common as receipts and thermometers.
Ghana Debt Jumps as Selassie Says Holder Deal ‘Matter of Time’
Ghana dollar bonds are among top performing in emerging markets on Friday as IMF African Department director <-bsp-person state="{"_id":"0000018e-f764-d583-afbf-f7fcdecd0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Abebe Selassie said an agreement with creditors to restructure the nation’s debt was “a matter of time,” Reuters reported.
GTT Names Jean-Baptiste Choimet as CEO as of June 12
<-rte-company state="{"_id":"0000018e-f70d-d583-afbf-f7dde6380000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">GTT names Jean-Baptiste Choimet as CEO as of June 12, 2024, according to <-bsp-bb-link state="{"bbDocId":"SC74ZRMB2SJX","_id":"0000018e-f70d-d583-afbf-f7dde6380001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">statement.
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